Business, 26.02.2020 05:49 mbonham481
Four years ago, Seegee invested $500. Three years ago, Trek invested $600. Today, these two investments are each worth $800. Assume each account continues to earn its respective rate of return. Which one of the following statements is correct concerning these investments?
a. Three years from today, Trek’s investment will be worth more than Seegee's.
b. One year ago, Seegee's investment was worth less than Trek’s investment.
c. Trek earns a higher rate of return than Seegee. Trek has earned an average annual interest rate of 9.86 percent.
d. Seegee has earned an average annual interest rate of 12.64 percent.
Answers: 3
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Four years ago, Seegee invested $500. Three years ago, Trek invested $600. Today, these two investme...
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